CBC balance sheet grows to €16.3bn in March

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By Stelios Orphanides

The Central Bank of Cyprus said that the size of its balance sheet grew by €505.5m in April to €16.3bn compared to the month before, mainly on increased claims to other euro area national banks.

Intra-Eurosystem claims rose to last month to almost €9bn from €8.3bn in March, the central bank said in a statement on its website on Wednesday. This increase in assets was mainly offset by an increase in liabilities to euro area credit institutions related to monetary policy operations to €11.3bn from €10.8bn respectively.

By the end of April, the funds deposited by the central government at the central bank fell to €852.9m from €786.5m, it said.

Other claims on euro area credit institutions denominated in euro, which includes the emergency liquidity extended to commercial banks, fell last month to €7,000 from €393,000 in March, the central bank said.

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About Author

Stelios Orphanides is a journalist at CyprusBusinessMail.com. To contact Stelios Orphanides: [email protected]

  • clergham

    So it was owed more by EU banks, at the same time owing more to EU institutions

    Does anyone understand this stuff?

    Pity the CBC was asleep at the wheel during the bank fuelled property bubble leading to half of banks borrowers becoming insolvent